#dubai
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Fasset becomes the first stablecoin‑powered Islamic digital bank
On October 7, 2025, Dubai-based Fasset announced that it had obtained a provisional banking license in Malaysia. The approval lets Fasset access an innovation sandbox for Islamic fintech and positions it as the world’s first Islamic digital bank operating on stablecoin rails. WhiteBIT: A Partner of Paris Blockchain Week and Token2049 Dubai
In April, the tech landscape will be marked by two pivotal events: the Paris Blockchain Week and Token2049 Dubai. These forums are renowned for shaping the Web3 trends for the year. WhiteBIT, a crypto exchange with Ukrainian origins, joins as a partner for both esteemed gatherings. 
Cryptocurrency exchange FTX is making a court appeal to have FTX Dubai removed from bankruptcy proceedings, asserting that this division had not been in active operation before the official declaration of insolvency was lodged.
The legal plea also indicates that the division possesses assets totalling about $4.5 million, spread across multiple accounts. Notably, a substantial portion of these funds is held as collateral for the Virtual Assets Regulatory Authority of Dubai. 
The Dubai Virtual Assets Regulatory Authority (VARA) has changed its virtual asset circulation rules.
A significant change was the prohibition on so-called privacy coins such as ZCash and Monero.
Organizations operating within the local jurisdiction are also prohibited from issuing and promoting this type of cryptocurrency.
Well, you can't really blame a major cryptocurrency hub like Dubai for that. They provide transparency and demand it in return. MEXC & ArbitrageScanner: exclusive event, Dubai, October 27
During Blockchain Life 2025 in Dubai, MEXC and ArbitrageScanner are hosting "Crypto Whales Hookah Night 2077" – an invite-only gathering for professional traders and industry leaders. The October 27 event at Myata Platinum Lounge brings together market participants with $1M+ portfolios for networking and insider insights. 
Dubai is launching an aggressive campaign to attract tech giants in artificial intelligence and Web3, offering hefty subsidies that could cover as much as 90% of commercial licensing fees.
The Dubai International Financial Centre (DIFC) has been assigned the duty of issuing these licenses, and its executives look forward to engaging foreign businesses and investors with optimism. Ripple's legal battle with SEC costs $200 million and counting
Ripple CEO Brad Garlinghouse revealed that the company has spent $200 million defending itself against a lawsuit brought by the United States Securities Exchange Commission (SEC). He made this statement during a fireside chat at the Dubai Fintech Summit, highlighting the differences in crypto regulation progress between the U.S., the UAE, and Europe. 
The legal firm MANIMAMA has released a report analyzing cryptocurrency tax systems worldwide, including the EU, Switzerland, the UAE, and more. Notably, the UAE, particularly Dubai, emerges as one of the most favorable locations for crypto trading and earnings, as it imposes no capital gains or income tax. Tangem Ring: The Fashionable Way to Store Your Crypto
At the Cardano Summit in Dubai, attendees were introduced to an innovative approach to crypto security: the world's first hardware wallet fashioned into a ring, designed by Tangem. ADA coin enthusiasts at the event had the exclusive chance to slip on this novel accessory and explore its capabilities. 
